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This property looks like a bad Long-Term investment with a projected -20% first-year return on $124k initial cash invested.
-20%
Cash On Cash
1.96%
Cap Rate
0.33
DSCR
$1,999
Rent
-$2,066
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,999 income − $4,065 expenses = $2,066 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$4,065
Mortgage P&I
147%
$2,931
Property Taxes
20%
$405
Home Insurance
10%
$209
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0